Analysts Set MoneyLion Inc. (NYSE:ML) PT at $92.83

Shares of MoneyLion Inc. (NYSE:ML - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eight analysts that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $92.83.

Several brokerages recently weighed in on ML. Needham & Company LLC reissued a "hold" rating on shares of MoneyLion in a research note on Friday, March 7th. B. Riley downgraded shares of MoneyLion from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $133.00 to $90.00 in a research note on Wednesday, February 26th.

Insider Buying and Selling

In related news, insider Timmie Hong sold 1,365 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $85.76, for a total value of $117,062.40. Following the completion of the sale, the insider now directly owns 95,395 shares in the company, valued at approximately $8,181,075.20. This represents a 1.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Richard Correia sold 3,502 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $85.76, for a total value of $300,331.52. Following the transaction, the chief financial officer now owns 182,570 shares in the company, valued at approximately $15,657,203.20. This represents a 1.88 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,309 shares of company stock valued at $4,716,335. 11.90% of the stock is currently owned by corporate insiders.

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Institutional Trading of MoneyLion

Several large investors have recently bought and sold shares of ML. SBI Securities Co. Ltd. purchased a new position in shares of MoneyLion in the fourth quarter valued at $29,000. FMR LLC lifted its holdings in MoneyLion by 154.6% in the 3rd quarter. FMR LLC now owns 1,049 shares of the company's stock worth $44,000 after buying an additional 637 shares in the last quarter. New York State Teachers Retirement System purchased a new position in MoneyLion in the 4th quarter valued at about $67,000. GAMMA Investing LLC grew its stake in shares of MoneyLion by 8,550.0% during the first quarter. GAMMA Investing LLC now owns 865 shares of the company's stock valued at $75,000 after acquiring an additional 855 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of MoneyLion during the fourth quarter worth about $86,000. Institutional investors and hedge funds own 31.43% of the company's stock.

MoneyLion Price Performance

MoneyLion stock traded up $0.59 during mid-day trading on Friday, hitting $85.84. 347,869 shares of the company were exchanged, compared to its average volume of 213,393. MoneyLion has a 12-month low of $36.65 and a 12-month high of $106.82. The company has a market capitalization of $971.67 million, a P/E ratio of 390.17 and a beta of 2.94. The business's 50 day simple moving average is $86.72 and its two-hundred day simple moving average is $77.75.

About MoneyLion

MoneyLion Inc, a financial technology company, provides personalized products and financial content for American consumers. The company's platform offers access to banking, borrowing, and investing solutions for customers. Its principal products include RoarMoney, an insured digital demand deposit account; Instacash, a cash advance product that gives customers early access to their recurring income deposits; Credit Builder Plus membership program; MoneyLion Investing, an online investment account that offers access to separately managed accounts invested based on model exchange-traded fund portfolios; Roundups, which provides features designed to encourage customers to establish good saving and investing habits; and MoneyLion Crypto, an online cryptocurrency account.